An employer-sponsored retirement savings account could be one of your best tools for creating a secure retirement. It provides two important advantages. First, all contributions and earnings are tax-deferred. You only pay taxes on contributions and earnings when the money is withdrawn. Second, many employers provide matching contributions to your account, which can range from 0% to 100% of your contributions. Use this calculator to see how increasing your contributions to a 401(k), 403(b), or 457 plan can affect your paycheck as well as your retirement savings. This calculator uses withholding schedules, rules, and rates from "IRS Publication 15" and "IRS Publication 15T". This calculator uses the redesigned W-4 created to comply with the elimination of exemptions in the Tax Cuts and Jobs Act (TCJA).


See below for important disclosure.

Information and interactive calculators are made available to you as educational tools for your independent use. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. Actual results will vary. This information is not intended as investment advice, a recommendation, or solicitation of an offer to sell or buy any security, product, investment or strategy. The results may be used as a resource in making investment decisions but should not be relied on primarily or comprehensively as your financial plan. Please consult with your financial professional regarding your situation. For legal, accounting or tax advice, consult the appropriate professional.

RO: 2807047 (04/2023)